The bill establishes a new section, 288.1035, in the Florida Statutes, which mandates the Department of Commerce to assess and collect an annual registration fee not exceeding $100 per registrant. This fee is intended to fund the costs associated with administering the voluntary Florida Manufacturing Promotional Campaign. Additionally, the bill stipulates that the collected fees must be deposited into the Economic Development Trust Fund, specifically for the purpose of managing the campaign.
The act is designed to take effect contingent upon the passage of HB 561 or similar legislation within the same legislative session or an extension thereof. This ensures that the implementation of the fee structure aligns with broader economic development initiatives being considered by the legislature.